Lecturer Economics MCQs Sample Past Papers

1.  Income elasticity of demand for an inferior good is: (a)Positive  (b)Zero  (c)Both (a) & (b)  (d)None of these 2.  Convexity means averages are ________________ than extremes: (a) Worse (b) Positive (c) Better  (d)None of these 3.  Sum of MPC and MPS equals: (a)2  (b)3  (c)4  (d)None of these 4.  During the Liquidity Trap, LM […]
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